About Foreign Currency Lending

FX money market members of CFETS can trade foreign currency lending, FX REPO and FX Interbank Deposit on foreign exchange trading system. Foreign Currency Lending means short-term foreign currency financing between financial institutions to adjust their foreign exchange surplus and deficiency, FX REPO means foreign currency financing between financial institutions based on collaterals, FX Interbank Deposit means foreign currency deposit and placement between financial institutions. Institutions that have been qualified for market access but have not yet been connected to the foreign exchange trading system can apply for the foreign exchange trading system terminal. Institutions that have not been qualified can apply to become FX money market members of CFETS. 

Currently the trading system supports foreign currency lending and FX Interbank Deposit of USD, EUR, HKD, JPY, AUD,GBP,CAD,NZD,SGD,CHF,RUB and KRW; FX REPO of USD, EUR, HKD, JPY, AUD,GBP,CAD,NZD and SGD. Tenor periods include fixed tenors of overnight (O/N, T/N, S/N), 1W, 2W, 3W, 1M, 2M, 3M, 6M, 9M 1Y (1W and longer tenor use T+2 as value date), and broken. Trading mode is bilateral transaction and bilateral settlement. Trading Hours are from Monday to Friday (excluding national holidays) Beijing Time 7:00 a.m.-3:00 a.m. next day(Trading hours of FX REPO collateralized by onshore bond is Beijing Time 9:30-16:50).

 

Events
  • 2022-09-05 17:00:00

    CFETS successfully piloted triparty repo collateralized by a basket of ESG-eligible bond.

  • 2022-04-18 14:59:57

    CFETS and CCDC jointly introduced FX bilateral repo, including FX pledged repo and FX outright repo.

  • 2022-01-04 14:59:11

    CFETS launched matching mode for foreign currency lending (C-Lending).

  • 2021-07-26 10:10:51
    CFETS and CFETS-NEX jointly released Interbank USD Lending Market Sentiment Indicator-Intraday Indicator.
  • 2021-07-12 08:00:00
    CFETS introduced FX REPO collateralized by bonds under CCDC’s depository.